When Is a Small Estate Affidavit Not the Best Option for an Illinois Family?
A small estate affidavit often sounds like the ideal solution for settling a loved one’s affairs: it’s typically faster and less formal than full probate. In Illinois, if an estate is valued under $150,000 (excluding vehicles) and doesn’t contain real estate, this tool can indeed simplify the transfer of assets. However, simplicity isn’t always synonymous …
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